DIA (dow jones etf) - Support, Resistance, Trend - October 2021Dow Jones Index ETF has been in a daily downtrend since September 2021.
DIA price is currently above trendline resistance.
-Bullish scenario: price breaks and holds above $350 to $354.
-Bearish scenario: price falls below $344 to $338.
Resistance(s): $350, $352, $354, $355, $357, $359.
Support(s): $346, $344, $339, $335, $333, $331.
Q3 2021 earnings season is starting, and will likely be the catalyst for price volatility this month.
DIA
DIA (Dow Jones Index ETF) - Support, Resistance, Trend -09/05/21DIA (Dow Jones Index ETF) has been uptrending in 2021, on daily and weekly charts.
However, price is currently consolidating between $352.18 and $355.83.
Bullish scenario:
-DIA price breaks up above resistance to establish a higher-high.
-Resistance levels: $355.83, $358.07, $361.59.
Bearish scenario:
-DIA price pulls back down to test support levels below.
-Support levels: $352.14, $348.46, $346.17.
Note: To maintain a weekly uptrend, DIA price needs to close and hold above $346.17.
Spanish flu covid sentiment checksThere is some Fed Fud going on right now with a busy economic calendar. We studied the Spanish flu and what is happening with covid. During both events there are very similar sentiments. Does this mean we will trade this scenario NO this is purely a study of the two events. With that being said. Here is what we came up with.
Spanish Flu
Throughout the 1920s, the U.S. economy expanded rapidly, and the nation’s total wealth more than doubled between 1920 and 1929, a period dubbed “the Roaring Twenties.”
The stock market, centered at the New York Stock Exchange on Wall Street in New York City, was the scene of reckless speculation, where everyone from millionaire tycoons to cooks and janitors poured their savings into stocks. As a result, the stock market underwent rapid expansion, reaching its peak in August 1929.
By then, production had already declined and unemployment had risen, leaving stock prices much higher than their actual value. Additionally, wages at that time were low, consumer debt was proliferating, the agricultural sector of the economy was struggling due to drought and falling food prices and banks had an excess of large loans that could not be liquidated.
Millions of shares ended up worthless, and those investors who had bought stocks “on margin” (with borrowed money) were wiped out completely.
As consumer confidence vanished in the wake of the stock market crash, the downturn in spending and investment led factories and other businesses to slow down production and begin firing their workers. For those who were lucky enough to remain employed, wages fell and buying power decreased.
Many Americans forced to buy on credit fell into debt, and the number of foreclosures and repossessions climbed steadily.
www.history.com
Covid
Rising stocks and rock-bottom interest rates have delivered a big perk to rich Americans: cheap loans that they can use to fund their lifestyles while minimizing their tax bills.
Banks say their wealthy clients are borrowing more than ever before, often using loans backed by their portfolios of stocks and bonds. Morgan Stanley MS -2.69% wealth-management clients have $68.1 billion worth of securities-based and other nonmortgage loans outstanding, more than double five years earlier. Bank of America Corp. said it has $62.4 billion in securities-based loans, dwarfing its book of home-equity lines of credit.
The loans have special benefits beyond the flexible repayment terms and low interest rates on offer. They allow borrowers who need cash to avoid selling in a hot market. Startup founders can monetize their stakes without losing control of their companies. The very rich often use these loans as part of a “buy, borrow, die” strategy to avoid capital-gains taxes.
Many wealthy people are also borrowing against their portfolios.
“Ordinary people don’t think about debt the way billionaires think about debt,” said Edward McCaffery, a University of Southern California law professor who says he coined the buy-borrow-die phrase. “Once you’re already rich, it’s simple, it’s easy. It’s just buy, borrow, die. These are planks of the law that have been in place for 100 years.”
www.wsj.com
^^^^^^^^^^^ 100 years? something rhyming
Summery
Both events have over margined accounts in the book
Both events have the average person in the market Spanish flu recovery had "cooks and janitors poured their savings into stocks." now with Reddit, Discord, Twitter, and all of these trading groups working together to trade so we have retail in the books. Retail is the exit for smart money.
If this scenario plays out we will have margin call selling, panic selling, and stop losses being triggered.
Where can it go? From the tweets and podcasts that we have gathered from fund managers they all missed the lows of covid most of them got in after the high was cleared at $236 so this is where the margin positions are sitting. Going to the high liquidates all of these positions.
Bull Scenario we hold 354.47 which liquidates 4-5 months worth of position liquidating those positions may give us enough supply to push the highs. We trade level to level not some bar chart copy be objective and trade safe! Use stops! Again this is only a study of the two events. We want to see how this pans out.We have a plan and playbook for a bull and bear cases.
todays examples of preperation
Before
heres the vix with a SD line hitting rejection here is bullish for SPY a break is risk off market
After
SPY SEPT SELL OFFSept sold off into July's VAL we had monthly options expire and we also had a futures contract roll over
Now that its month end lets see if the big money managers push price up to collect their commissions for the month
In order for this to happen we need to gain our VAH level if we gain that we can mark price (inventory) into the gap and push our upper levels.
If we fail this scenario we take out July's VAL and test June's POC
DIA/BTC buy opportunityHi followers,
DIABTC Formed nice double bottom, buyers took control, formed higher low with attempt to break higher.
There is a potential move up.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
If you like my content - 👍 Like, 💬 comment, 👆 follow and 👉 share!
❗❗❗
Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
Down Jones Industrial Average is 50% @ a trough or Down for one!Since Covid's Low 28 signals !!!
Volume Weighted Average Price (VWAP) is a technical analysis tool used to measure the average price weighted by volume. VWAP is typically used with intraday charts as a way to determine the general direction of intraday prices. VWAP is similar to a moving average in that when price is above VWAP, prices are rising and when price is below VWAP, prices are falling. VWAP is primarily used by technical analysts to identify market trends.
DIA's Head and shoulder pattern.Hi every one
DIA / TETHERUS
DIA has Formed a big Head and shoulder pattern. This Bearish Pattern has the chance to Decrease the price as much as the length between the Head and the Neckline! but the Price has not Broken The Neckline yet! so there is still a chance that the Bulls Take control and Increase the price once again! but If Bulls Fail we must see a Bearish Movement to the support line which is shown in the picture!
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
DJI - Potential ABC downDJI with potential ABC down forming the C wave down now.
Seems more likely than a push back higher with the RSI trend and regression channel issues.
Liking the .50 fib for a fairly swift retrace target, but might bounce/hold at the 200-day MA as it did back on July 8th.
A few noticeable price gaps on the 3-hr chart including one very near the 50% fib.
Long DOG calls.
Not financial advice.
DIA ready for take off soon Hi Traders,
We are looking at the 1 day graph of DIA/USDT
- A cup and handle pattern seems to be forming
- Current marketcap: 84.384.171
- Max supply: 200.000.000
What is DIA?
DIA (Decentralised Information Asset) is an open-source oracle platform that enables market actors to source , supply and share trustable data . DIA aims to be an ecosystem for open financial data in a financial smart contract ecosystem, to bring together data analysts, data providers and data users.
(This is not financial advice)
Have a good one.
🆓DIA (DIA) Aug-17 #DIA $DIADIA has conquered the 1.8$ zone and almost conquered the 2$ zone so it can continue to rise to the 2.6 and 3$ zone in the next few days. But if it loses 1.8$ area, it will fall back to 1.4$ area
📈BUY
🔴Buy : 1.95-2.05$
🔴Buy : 1.76-1.84$. SL if B
📉SELL
🔴Sell : 2.54-2.66$. SL if A
🔴Sell : 2.93-3.07$. SL if A
♻️BACK-UP
🔵Sell : 1.76-1.84$ if B. SL if A
🔵Buy : 1.37-1.43$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
EARLY WARNING NEGATIVE CROSS - SO WHAT?My early warning indicator can offer warning signals well in advance of market turbulence. It can also help on the long side by giving confirmational signals when in agreement with a trend. It recently had a negative cross and is enough for me to raise an eyebrow and err on the side of caution. There are times when a signal crosses negative only to return positive..i.e. a false signal. It is useful, however, after a very strong trend (like we have seen over the last year and a half) and it turns down sharply. Take a look at the vertical lines for examples and take note of the one in January 2020. The signal crossed over bearish and the market sold off. Then the market found support and made a new high but the signal was still under the crossover (negative) and we had an incredible crash. I have no idea what will happen but it is certainly possible we could see a repeat of that.. I'm watching for the following:
a) a sharp selloff followed by a sharp bounce followed by a crash (like what unfolded Jan 2020-March 2020)
b) just a sharp drop... i.e. flash crash (but perhaps not a major top)
c) a false signal and another sideways consolidation and period of noise
Who can say? Just be careful out there, measure your risk to reward, and study. Speculate less. Study more. Also consider looking down when others are looking up... look up when others are looking down.